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Largest Hotel in the world planned in Dubai

Dubai companies line up mega-projects in Pakistan

May 4, 2006

ISLAMABAD (Reuters) - State-owned Dubai World is in talks with Pakistan to develop major infrastructure projects and manage a port earmarked to become a hub for trade between the Gulf, China and Central Asia, officials said on Thursday.

A news release issued by Dubai World quoted Pakistan's President Pervez Musharraf saying the proposed deal would bolster Pakistan's historically strong ties with Dubai and the United Arab Emirates.

Dubai World, a state holding company, said it was looking for involvement in industrial and public sector infrastructure, including oil and gas related projects, airports and port terminal management, along with industrial parks and free zones.

Dubai Ports World and real estate developer Nakheel are the two Dubai World group companies that will lead the ventures in Pakistan.

Mohammad Sharaf, chief executive officer of Dubai Ports told a news conference in Islamabad that the company was seeking management of Gwadar, an Arabian Sea port on the coast of Pakistan's troubled southwestern province of Baluchistan, for up to 50 years.

"We intend to grow in this market... In ports, transport and logistics. We believe there are great opportunities here," Sultan Ahmed bin Sulayem, chairman of both Dubai Ports and Nakheel, told the news conference.

Pakistan's junior minister for investment, Umar Ghuman, said the government was also planning to build five new cities as part of its grand project to develop the region.
 
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Burj Dubai reaches defining moment as world’s tallest building begins to rise

Dubai, March 28th, 2005: Burj Dubai, Emaar Properties’ iconic building symbolizing modernity and engineering prowess, has reached a defining moment in its history as the world’s tallest tower rises, making the surrounding district the most prestigious square kilometre in the world.
The important second stage of this world-class project follows the completion of complex foundation work on the tower slated for completion in 2008. Emaar had earlier announced that South Korea based-Samsung Corporation has won a global bid for US$900 million (AED 3.285 billion) for the construction of the tower.
Speaking to the media during a hard-hat tour of the Burj Dubai construction site, Emaar Properties Executive Director Robert Booth informed that the foundation work, completed in record 12 months at a cost of US$15 million, (AED 54 million) involved some critical measures taken to ensure that the tallest man-made structure sits on a strong steel and concrete podium.
The tower’s 192 piles have been constructed to depths of more than 50 metres and are bound together by a 3.7 metre thick concrete raft across 8,000 square metres, encompassing the tower’s entire footprint.

Nearly 18,000 cubic metres (cbm) of cement concrete was poured for the tower piles while 15,000 cbm of concrete was used for the podium piles. The raft, in addition, comprise of 12,300 cbm of concrete, bringing the total concrete poured into the foundation to over 45,000 cbm weighing more than 110,000 tonnes.
“We now embark on the exciting part of the development where the world can witness our promise of “History Rising” coming to fruition,” said Booth. “The tower is composed of three elements arranged around a central core. As the tower rises from the foundation raft, setbacks occur at each element in an upward-spiraling pattern, decreasing the mass of the tower as it reaches towards the sky.
“The tower design created by celebrity architect Adrian Smith for Chicago-based Skidmore, Owings and Merrill (SOM) is inspired from the geometrics of the desert flower and the patterning systems employed in Islamic architecture. It combines these historical and cultural influences with cutting-edge technology to achieve a high performance building which will set the new standard for development in the Middle East and become the model for the future of the city of Dubai.
The high performance exterior cladding system will be employed to withstand the extreme temperatures during the summer months in Dubai. Primary materials include reflective glazing, aluminum and textured stainless steel spandrel panels and the vertical stainless tubular fins accentuating the height and the slenderness of the tower.
When completed Burj Dubai will hold the record in all four categories as recognized by the New York-based global authority - Council on Tall Building and Urban Habitat – highest structure, roof, antenna and occupied floor.

Commenting on the value that the world-class Burj Dubai tower will bring to the city of Dubai and the United Arab Emirates, Booth explained: “Burj Dubai is a symbol of human endeavour and success that makes Dubai one of the finest cities in the world that believes in excellence and a desirable quality of life.”
Explaining the scale of the project, Booth further said: “The Tower is the central core of the magnificent US$20 billion (AED 73 billion) Burj Dubai district and the new emerging Downtown Dubai. More than 500 international consultants around the globe are currently finalising the design. At its construction peak, a workforce of more than 20,000 construction workers will be on site to create 45 million square feet of liveable space to accommodate 30,000 homes, making the Burj Dubai site the biggest single construction site in the world.
The district comprises The Dubai Mall, the world’s largest shopping and entertainment complex; The Residences, an exclusive upscale series of high-rise apartment towers; The Old Town, a low-rise traditional residences community that is inspired by the stylist antiquity of Arabian architecture; The Boulevard, a 3.5 km stretch that binds the entire district and gives it an international ambience, besides man-made lakes and landscaped parks.
“As an urban planner and developer, I admire the ability of cities to create unique urban environments with a combination of cultures, building types and architectural styles unique to the world. Indeed skyscrapers have historically represented our quest for bettering our urban centres and have created some of the world’s most desirable and admired places. Burj Dubai will do the same for the city of Dubai,” Booth concluded
 
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Dubai World considering opportunities in Pakistan :flag:

5 May 2006


DUBAI — Dubai World and the Government of Pakistan yesterday announced plans to jointly undertake large-scale infrastructure projects in Pakistan.
Sultan bin Sulayem, Chairman of Dubai World, met with the President of Pakistan, General Pervez Musharraf, in Islamabad to discuss potential areas of cooperation between Dubai World and Pakistan.
The two parties agreed to jointly explore investments in various fields, including real estate developments in major urban centres across Pakistan.
Nakheel, a fully-owned subsidiary of Dubai World and the developer of several of Dubai's iconic projects such as the Palms, The World and Dubai Waterfront, will spearhead efforts on this front and explore investments in the residential, commercial and leisure real estate sectors in Pakistan.
Dubai World and the Government of Pakistan also discussed potential cooperation and investment in other commercial activities including development and management of industrial infrastructure, including industrial parks and free zones, and development and operation of public sector infrastructure projects, including oil & gas related projects, airports and port and terminal management.
Speaking on the occasion, Sultan bin Sulayem said: "Pakistan is one of the world's fastest growing economies making it an attractive market for Dubai World. We have a close relationship with Pakistan and would like to further strengthen it by capitalising on opportunities in the country."
"The Middle East has a huge potential investor base for investments into Pakistan," he observed. "Dubai World plans to utilise its expertise and knowledge to develop projects of an international standard in Pakistan," he added.
President General Pervez Musharraf welcomed Sultan bin Sulayem to Pakistan and promised to provide the full support of the government to facilitate Dubai World's investments in the country.
He was quoted as saying "We are delighted to welcome Dubai World to Pakistan and are very excited about the prospect of Dubai World undertaking major projects in the country."
"The Dubai World group, particularly Dubai Ports and Nakheel, are world-class operations which can bring tremendous value to this country. We have a significant shortage of quality housing units across the country and Nakheel is ideally placed to plug this gap as a result of the expertise it has developed from the various mega-scale projects in Dubai," the President said.
"The government is fully committed to facilitate foreign investment in the country and we will ensure that Dubai World receives the full support of the government at all times. We have historically enjoyed strong relations with Dubai and the UAE and this is an excellent platform to further bolster those ties," he added.
The Board of Investment, Pakistan, was instrumental in facilitating the extensive ground-work which culminated in the two parties agreeing to the framework under which Dubai World plans to undertake investments in Pakistan.
Dubai World is a state-owned enterprise of Dubai and is involved in a wide range of commercial activities having business interests in the fields of ports & logistics, real estate, management of free zones and many others. Dubai World's flagship subsidiaries include Dubai Ports, which recently acquired P&O to become the world's 3rd largest port operator, Nakheel, Istithmar and Jebel Ali Free Zone.
Dubai Islamic Bank is advising and arranging Dubai World's potential entry into the Pakistan market. DIB is one of the world's largest Islamic financial institutions and has recently established a full fledged banking subsidiary in Pakistan. DIB has specialised project teams based in Dubai and Pakistan which will advise Dubai World on the proposed projects.
 
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Bull said:
Dubai is helped a lot by the free society it has ( no clothing restrictions, lot of discos, pubs) and this is helping them in the construction sector.

Yes, the pubs and discos and clothing is responsible for the economic boom. I think you should actually enrol in a few economics classes before making more sweeping statements in relation to economics.
 
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sigatoka said:
Yes, the pubs and discos and clothing is responsible for the economic boom. I think you should actually enrol in a few economics classes before making more sweeping statements in relation to economics.

pubs and discos.....the new economic magic pill.!!! any poor impoverished country that wants economic growth shall have lots of pubs and discos. :stupid: :idiot: :stupid:

Oh and has anyone seen the new underwater hotel in Dubai, its amazing! you can rent a personal submarine and go reef seeing since Dubai has created a mini Great Barrier Reef off the coast.
 
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sigatoka said:
Yes, the pubs and discos and clothing is responsible for the economic boom. I think you should actually enrol in a few economics classes before making more sweeping statements in relation to economics.

I know and accept that my statement was half baked,but atleast i thought you wuid take the effort to understand what i meant,but ...my bad.

My reasoning was that the social life in Dubai compared to other middle eastern countries is very liberal ,probably bahrain only giving thema competition in that.

This open society and "facilties of western cities" would help people come from all over to invest in the property in Dubai.Unlike other countries where its the locals or arabs who buy properties, in Dubai you can see lots of intl property groups moving in because of this society factor.

If u still doubt me read thru some literature that they provide and see how they portray Dubai...venice of east,paris of the middle east..!!!
 
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RAPTOR said:
Oh and has anyone seen the new underwater hotel in Dubai, its amazing! you can rent a personal submarine and go reef seeing since Dubai has created a mini Great Barrier Reef off the coast.

where is it...i havent heard abt it.

with good law and order and beaches can definitly boost up a small economy
 
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sigatoka said:
Yes, the pubs and discos and clothing is responsible for the economic boom. I think you should actually enrol in a few economics classes before making more sweeping statements in relation to economics.

LOL.....add "beaches" to that list also sigatoka. Didnt you hear about the warm sunny Beaches in Switzerland and Luxembourg ? I heard they're doing wonders for the economy. :cheesy:
 
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RAPTOR said:
LOL.....add "beaches" to that list also sigatoka. Didnt you hear about the warm sunny Beaches in Switzerland and Luxembourg ? I heard they're doing wonders for the economy. :cheesy:

stop mocking and counter the point...
 
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